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Shanghai firms mull strategies to fight RMB appreciation

30 Oct '06
1 min read

At the current Guangzhou commodities export fair, Shanghai business companies adopt several measures to expand export and actively mull strategies against RMB appreciation and the adjustment of export refund.

The strategies they are following are as below:

First is to develop new products and add additional value to their products.

Second is to use their own independent brands and optimize their target customers.

The third is to adopt flexible contract terms and fix exchange foreign currency in settlement.

The fourth is to lift prices by some companies with marginal profits, so as to reduce the negative influence of RMB appreciation and export refund adjustment.

Fibre2fashion, News Desk - China

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